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| Number of Rs 10-lakh earners in Hyderabad doubles. |
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Despite the much-talked about global recession, the number of tax payers earning more than Rs 10 lakh per annum in the State seems to have doubled this financial year. Surprisingly, the real estate and construction sector continues to be the place where the money is.
Going by the statistics of Income Tax department, 27,687 returns with income of Rs 10 lakh and above were filed till February 28 for this financial year, as against 14,122 returns filed during the corresponding period of last financial year. Similarly, about 14.09 lakh returns are filed till February 28 this financial year against 12.99 lakh returns filed for the corresponding period of last year.
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